Points dot Com Inc (PCOM) Stock Technical Analysis
NASDAQ:PCOM - Nasdaq - CA73085G1090 - Common Stock
Taking everything into account, PCOM scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, PCOM is showing a nice and steady performance.
Besides having an excellent technical rating, PCOM also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 25.00. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for PCOM in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
14.91
5 important support areas can be observed.
- A support zone ranging from 23.87 to 24.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 16.80 to 17.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @16.36 from a trend line in the daily time frame.
- Support @15.41 from a trend line in the weekly time frame.
- Support @15.06 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 25.00 to 25.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 25.01 | 23.77 | 1.24 (4.96%) | 20.17% |
| An entry @25.01. This is a Buy Stop order right above the resistance zone. | An exit @23.77. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.24 points, which is 4.96%. | For a 1.00% total portfolio risk, you can invest 20.17% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NASDAQ:PCOM (6/30/2022, 8:22:23 PM)
24.99
+0.02 (+0.08%)